Yuzhou Properties (01628) said its profit attributable to owners of the parent for the six months ended 30 June 2014 soared 2.7 times year-on-year to Rmb559 million.
Its basic and diluted earnings per share were Rmb16.18 cents.
The revenue was Rmb3,924 million, an increase of 2.8 times from a year earlier. Gross profit surged 3.3 times to Rmb1,415.51 million. The gross profit margin increased from 32% in the corresponding period of 2013 to 36.1%, which was at a high level in industry. The increase in gross profit margin resulted from increase of the selling price of the recognized projects.
Core profit attributable to owners of the parent jumped 4.1 times to Rmb486.05 million.
No interim dividend will be distributed.
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